This chemical is primarily used in organic synthesis, particularly in cross-coupling reactions such as the Suzuki-Miyaura reaction. It serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and advanced materials. Its boronic acid group enables efficient coupling with aryl or vinyl halides, facilitating the construction of complex molecular structures. Additionally, it is employed in the development of biologically active compounds and in the synthesis of heterocyclic compounds, which are essential in drug discovery and material science. Its unique structure allows for precise modifications, making it valuable in creating targeted molecules for various applications.